Thursday, May 04, 2006

Weak energy prices again today, with summer supply concerns easing. The big news today was that the administration will ask Congress to lift ethanol tariffs, which should make it easier for gasoline inventories to build a bit of a cushion for the summer driving season.

Bonds sold off again, and equities were up. The metals again had a fantastic day, with all three contracts rising on the day, and Gold and Copper setting new highs.

Our TNR model was calling for a Trending day in NQ today, which we didn't get. We lost -$456 on three trades. We are calling for a Trending day in ES tomorrow, and a neutral day in NQ.

Our open positions:

Contract ctrcts Open P/L days on
Contract ctrcts Open P/L days on





@US.P 0 $0 0 @NG.P 0 $0 0
@TY.P -2 $581 7
@KC.P 0 $0 0
@FV.P -4 $6,550 64 @SB.P 3 $7,963 152
@EC.P 0 $0 0 @CT.P 0 $5,425 16
@JY.P 0 $0 0
@GC.P 3 $44,340 163
@CD.P 3 $6,610 11 @SI.P 1 $23,635 114
@C.P 0 $0 0 @HG.P 2 $73,975 231
@W.P 0 $0 0
@LB.P 0 $0 0
@S.P 0 $0 0 @ES 2 $5,200 114
@CL.P 1 -$2,410 13 @YM 3 $3,325 35
@HO.P 1 -$897 17 @NQ 0 $0 0











Total Open Trades
$174,297




Total Closed Trades -$29,903




Total

$144,394



Good luck and have a great evening!

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